Four Reasons ‘Payroll Support’ Is Really A Bailout For The Airlines

Sep 17 2020

Politicians from both sides of the aisle, along with the President, have publicly supported a second airline bailout in the form of a ‘clean extension of CARES Act payroll support.’ That would mean another $25 billion over 6 months to the airlines in exchange for holding off on employee furloughs.

However this hasn’t happened because it’s caught up in negotiations over a larger package, that some observers say is now unlikely to happen. Since furlough restrictions expire after September 30, some airlines are expected to let go of workers starting October 1. That’s seen as a deadline for Congress to act (or for the President to take some form of executive action, as he’s suggested he could).

October 1 isn’t really a hard deadline, though.

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After Just 3 Days, Delta Ups The Mortgage On The SkyMiles Program By 38%

delta program
Sep 17 2020

On Monday Delta announced that they were mortgaging the SkyMiles program, taking out a $6.5 billion loan secured by their frequent flyer program and its revenue stream As part of the deal they had to disclose a great deal of the inner workings of the program including where members are located and how much they’re spending on Delta American Express credit cards, along with how much they’re generating in revenue selling miles to members.

Just three days after announcing this deal they’ve announced an upsizing. Instead of borrowing $6.5 billion, they’re going to borrow $9 billion.

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New Delta American Express Limited Time Offers (50k/60k/70k)

delta airplanes on tarmac
Sep 17 2020

American Express has ntroduced limited time offers for their four Delta Gold and Platinum card products, with as much as 70,000 SkyMiles up front. This isn’t a ‘once in a lifetime opportunity’ but it’s striking to see them back with offers – it paints an optimistic picture about where they see credit risk in the economy and consumer focus on travel.

More and more lucrative credit card offers point optimistically towards a healthier economy and more travel on the horizon, and those are both good things.

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Earn 100,000 Bonus Points Plus A Rebate Up To $600 a Year, Too

airplane cabin
Sep 17 2020

I like the British Airways Visa Signature® Card a lot more than I did before Chase updated the card with new benefits. This is the first card that ever had a six figure initial bonus offer in the U.S., it has a companion award ticket you can earn make it worth considering, but it’s the rebate up to $600 a year when you book award tickets that’s most enthralling.

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Hawaii Will Allow Visitors Without Quarantine Starting October 15

hawaii
Sep 17 2020

In mid-March Hawaii’s governor asked tourists not to come to the islands and then on March 26 imposed a 14 day quarantine on all arriving visitors. They couldn’t legally ban people from coming, but they could impose public health restrictions.

We’ve seen re-opening dates of August 1, and September 1, and now Hawaii is saying that visitors will be able to travel to Hawaii without 14 day quarantine starting October 15. In liqu of quarantine passengers will have to present a negative Covid test taken within 72 hours of arriving.

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10,000 Mile Bonus For One-Way Star Alliance Award Booked With TAP Air Portugal Miles

Sep 17 2020

There are a significant number of readers with Star Alliance Gold status and a lot of miles in the TAP Air Portugal Miles & Go program since they were selling miles for $0.0087 apiece as part of their mileage subscription program and matching status earlier this year.

TAP’s Miles & Go is running a mileage bonus (rather than a discount) on all Star Alliance partner flights. They will award “Club TAP” mileage subscription members with a 10,000 mile bonus for booking a one-way award on Star Alliance and other airline partners.

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